Contact: Company
Kerry P. Gray
President & CEO
Terry K. Wallberg
Vice President & CFO
(214) 905-5145
ULURU Inc.
SUMMARY OF RESULTS
(In thousands, except loss per share)
STATEMENT OF OPERATIONS DATA
(Unaudited)
Three Months Ended Nine Months Ended
September 30, September 30,
2007 2006 2007 2006
REVENUES
License fees $14 $- 0 - $169 $155
Royalty income 83 101 220 353
Product sales - 0 - - 0 - - 0 - 76
Other 33 12 243 108
Total Revenues 130 113 632 692
COSTS AND EXPENSES
Cost of goods sold - 0 - - 0 - - 0 - 97
Research and development 455 389 1,574 1,343
General and administrative 821 351 2,110 1,096
Amortization 272 265 806 785
Depreciation 19 16 53 48
Total Costs and Expenses 1,567 1,021 4,543 3,369
OPERATING (LOSS) (1,437) (908) (3,911) (2,677)
Other Income (Expense)
Interest and
miscellaneous income 197 3 617 15
Interest expense - 0 - (617) (2) (1,601)
Commitment fee -
Standby Equity
Agreement - 0 - - 0 - - 0 - (1,788)
Liquidated damages
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